Question 13 A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. True False

icon
Related questions
Question
Question 13
A party contracts to guaranty the collection of the debts of another. As a result of
the guaranty, the creditor, upon debtor's default, can immediately proceed against
the guarantor without further notice.
True
False
Question 14
Hudson National Bank files a financing statement regarding a transaction with
EcoVibes. To be valid, the financing statement must contain both the debtor's and
creditor's signatures.
True
False
Question 15
The Truth-In-Lending Act applies to all merchants that sell consumer goods.
True
False
Transcribed Image Text:Question 13 A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. True False Question 14 Hudson National Bank files a financing statement regarding a transaction with EcoVibes. To be valid, the financing statement must contain both the debtor's and creditor's signatures. True False Question 15 The Truth-In-Lending Act applies to all merchants that sell consumer goods. True False
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer